Tuesday, April 12, 2016

Remember this? My January 14th post saying "the oil price decline is over." You can't call it better than that!

When everyone was going crazy and panicking and selling, I posted right here, January 14th, that the oil price decline was over.

Mike Norman called the oil bottom

Yeah, it dipped a few percentage points more beyond that and did a double bottom, but that was pretty much the end of a 75% price decline.

I don't call markets and wait three years for things to happen. I call them WHEN they happen.

By the way, Matt Franko was posting up tons of stuff in January about how the monopoly rent was being taken out of the oil price and how that was a good thing.

Notice? No recession. Upwardly revised data.

We called it.

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